Reconcile your bank account

How to match your transactions to your bank account with Sage Accounting.

Description

Regular bank reconciliations ensure your Sage Accounting records align with your actual bank account.

NOTE: You can't reconcile Cash bank accounts.

Before you start

Input the Statement Date. This is the date shown on your online or physical bank statement.
Enter the Statement End Balance. This is the closing balance from your bank statement.
Add an optional Reference.
Select Apply.

If you have processed any bank interest or charges already, you can skip this step.

Select Interest and Charges.
Enter an amount in the relevant box to record a Bank Charge, Interest Charge or Interest Earned.
Enter the Date the transaction took place.
Select Save.

As you reconcile each transaction, the Reconciled Balance updates at the bottom of the page.

NOTE: Sage Accounting marks cleared transactions as Reconciled automatically. Cleared bank transactions overview.

To pause, select the dropdown next to Finish and select Save for later.
To complete, make sure:
- All transactions are reconciled
- The reconciled balance matches the target balance
- The difference is zero
Select Finish.

Find details of completed reconciliations from the Reconciliations tab in Bank activity.